Cash & Cash Equivalents Introduction: Cash & cash equivalents may constitute a significant proportion of the total assets of an entity. It is the most liquid asset found within the asset category of a company ’s balance sheet. It is an important criterion to evaluate the liquidity and the short term solvency of a business venture. Liquidity and short term solvency means the ability of the business to pay its short term liabilities. Inability to pay-off short term liabilities affects its credibility
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A PROJECT REPORT ON A STUDY ON RECEIVABLE MANAGEMENT SYSTEM OF ONLINE ADVERTISING BUSINESS OF TIMES INTERNET LIMITED A report submitted towards the partial fulfillment of the requirement of the two years full time Post-graduate Diploma in Management Submitted By: MINAKSHI GUPTA POST GRADUATE DIPLOMA IN MANAGEMENT Roll No: 2K81A56 PGDM GENERAL (2008-2010) Asia Pacific Institute of Management 3 & 4 Institutional Area‚ Jasola‚ Sarita Vihar‚ New
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Disclosure Analysis ACC/422 December 3‚ 2012 Disclosure Analysis Under the full disclosure principle‚ companies are mandated to disclose financial information to be in compliance with the Security Exchange Commission. The information presented pertains to events that have an impact on the company’s financial position and results (Accounting Tools‚ 2012). With this purpose in mind‚ this paper will provide financial information pertaining to Crown Crafts incorporated. The information presented
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INTRODUCTION: UNIFLEX CABLES LIMITED appointed interns to study the receivables position of their company. I was asked to analyze the data of the past six months starting from October’08 to March’09. I had to analyze the debtors’ payment pattern for that period and find out the reasons why there was a delay in receiving payments from the debtors’. OBJECTIVE OF THE STUDY: • Compare Actual Date of Receipt from customers with the Payment Due Date. • Find out the number of days delay
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Accounts Receivable: There are several controls in accounts receivable. A thorough audit should be daily comparing the checklist and the system records in customers’ accounts. This is to ensure the payment received is applied to the right customer. A second control is to check if customers’ balances in record are true. One simple way is to send current statements to customers monthly. Customers can help identify if there is any discrepancy between their record and the account statement. A
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Individual – Disclosure Analysis Paper ACC 422 Intermediate Financial Accounting II February 25‚ 2013 Toys “R” Us‚ Inc. is the company that I will analyze. To analyze the disclosures of the company’s financial statement is important because it allows one to understand the position of the company. Toys “R” Us is one largest in the world toy retailers offering a selection of toys and baby products for families around the world. For more than 60 years‚ Toys “R” Us has been an all-time favorite
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Disclosure Analysis Paper The publicly held company selected to use as the basis for this paper is Apple Inc. Apple Inc. designs‚ manufactures and markets mobile communication and media devices‚ personal computers‚ and portable digital music players‚ and sells a variety of related software‚ services‚ peripherals‚ networking solutions‚ and third-party digital content and applications. The Company’s business strategy leverages its unique ability to design and develop its own operating systems‚ hardware
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The ability to sell inventory and collect receivables is critical. In this topic‚ we discuss three ratios that measure this ability. Inventory Turnover. Companies generally strive to sell their inventory as quickly as possible. The faster inventory sells‚ the sooner cash comes in. Inventory turnover‚ measures the number of times a company sells its average level of inventory during a year. A fast turnover indicates ease in selling inventory; a low turnover indicates difficulty. A value of 6 means
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Introductory Financial Accounting Lecture Week 5 Receivables Summer Semester 2014 Greg Cusack www.fbe.unimelb.edu.au Learning Objectives At the end of the lecture‚ students should Be able to apply the revenue recognition principle to determine the accepted time to record sales revenue for typical retailers‚ wholesalers‚ manufacturers and service companies. To understand the recording and management implications of credit sales‚ including the offering of sales discounts and the
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Question 1 Correct! The sale of receivables by a business can be a quick way to generate cash for operating needs. The sale of receivables by a business can be a quick way to generate cash for operating needs. Question 2 Correct! April 30 –13 = 17 days remaining in April + 31 days in May + 12 days in June = a maturity date of June 12. A 60-day note receivable dated April 13 has a maturity date of June 12. Question 3 Correct! A
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